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HomeMy WebLinkAboutMemo - Midtown CRAMIDTOWN REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: City Commission From: Pieter A. Bockweg Executive Director Date: September 9th, 2016 Subject: Midtown CRA's Amended General Operating Budget & Tax Increment Fund Budget for Fiscal Year 2015-16 References: Enclosures: Attachment and Legislation BACKGROUND: It is recommended that the City of Miami approve and adopt the attached Resolution, with attachment(s), adopting the amended Midtown CRA's General Operating Budget and Tax Increment Fund Budget, for the Fiscal Year commencing October 1, 2015, and ending September 30, 2016, which was approved by the Board of Commissioners of the Midtown Redevelopment District Community Redevelopment Agency ("CRA") on Sept. 8th 2016. JUSTIFICATION: The Interlocal Agreement requires the Midtown CRA to annually prepare a proposed budget and transmit same to the City of Miami and Miami -Dade County. This Resolution fulfills this requirement.